PPG acquires coatings distributor in Central America

12:37 PM MDT | March 26, 2014 | Vincent Valk

PPG announced today that it has agreed to acquire Canal Supplies Inc. (CSI; Panama City), a Panamanian distributor of protective and marine coatings, for an undisclosed sum. CSI has customers throughout Central America. The deal is expected to close in the second quarter, PPG says. The acquisition will enhance PPG’s presence in Panama, Costa Rica, and other parts of Central America, the company says. “PPG looks forward to continuing to build its supply networks throughout Central America and meet the growing demand for our products in Panama. The...